What is an RFI?

Request For Information (RFI) is a formal document or inquiry that organizations use to gather information from potential suppliers or vendors before initiating a formal procurement process. RFIs are typically used when the organization needs to understand the capabilities, qualifications, and offerings of potential suppliers without committing to a specific project or purchase.

An RFI often includes questions and requests for details about the supplier's experience, capacity, technical expertise, financial stability, and references. It helps organizations assess the suitability of potential suppliers and create a shortlist of qualified candidates for further evaluation or participation in a Request For Proposal (RFP) or bidding process.

RFIs are a valuable tool for organizations to gather relevant information and make informed decisions when considering potential suppliers or solutions.